LF Woodford Equity Income Fund
Following the temporary suspension of the LF Woodford Equity Income Fund in June 2019, a decision has now been made to wind up the fund.
Link Fund Solutions (LFS), the fund’s authorised corporate director, made the decision to suspend the fund to provide existing investor protection due to concerns about redemptions. While progress has been made in relation to repositioning the fund's assets during the period of suspension,
LFS has confirmed that dealing on the fund remains suspended but the transfer process that was in place during the suspension continues. This means transfers can take place subject to there being no change to the beneficial owner.
You can read more about the decision by LFS here.
LF Woodford Income Focus Fund
On 16 October, LFS confirmed that agreement had been reached to suspend all dealing in the shares of the Woodford Income Focus Fund. LFS will review the suspension after 28 days and any regular updates will be posted here.
More details on the Woodford Income Focus Fund can be found here.